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Navigating the Economic Fallout of Covid-19 and Building Back Better

Women from a community in Quezon City, Philippines line up to enter a market

Women from a community in Quezon City, Philippines line up to enter a market as the local government strictly imposes social distancing in public places. They also received flyers from IDEALS and Oxfam containing relevant information about COVID-19 and essential tips on how to cope with the enhanced community quarantine. Credit: Ideals

The COVID-19 pandemic is an unprecedented global health crisis. But now it appears that by some measures it will be an even greater and more lasting economic crisis, particularly for the poor in developing countries.

Since 1990, nearly 50 million people have climbed out of poverty every year. It’s one of the greatest achievements of the millennium. But now, the pandemic has plunged the global economy into the deepest recession since World War II, according to a recent report by the World Bank. And an estimated 71 million will likely be pushed back into poverty for the first time since 1998, a new UN report warns. According to the World Bank, this is the first global recession to be triggered solely by a pandemic. Read More


Sustainable Development Goals graphic

The Global Washington community supports the United Nations Sustainable Development Goals (SDGs), a blueprint for building a better and more sustainable future for us all.


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